113 Omnibus 2006 Issued November 2006 Significant provisions: Amends SASs 1, 57, 59, 85 95, 99, & 101 Revises the terminology used in the 10 standards in SAS 95 to reflect the terminology used in SAS 102, Defining Professional Requirements in Statements on auditing standards Adds a footnote to SAS 99 to provide a clear link between the auditor's consideration of fraud and the auditor s assessment of risk and the auditor s procedures in response to those assessed risks Replaces, throughout the SASs, the term completion of fieldwork with the term date of the auditor s report 94 SAS No.ĥ 114 The Auditor s Communication With Those Charged With Governance Issued December 2006 Supersede SAS 61 Effective periods after Dec. International Federation of Accountants (IFAC), International auditing and Assurance standards Board (IAASB) Public Company Accounting Oversight Board (PCAOB) Government Accountability Office (GAO), Government auditing standards (GAGAS) The Institute of Internal Auditors (IIA), International Professional Practices Framework (IPPF) standards Generally Accepted auditing standards (AU) Attestation standards (AT) standards for Accounting and Review Services (AR) standards for Consulting Services (CS) standards for Valuation Services (VS)ģ Quality Control standards (QC) Ethics standards (ET)45 AICPA s GAAS 10 Generally Accepted auditing standards consisting of: 3 General standards, 3 standards of Fieldwork, and 4 standards of Reporting Hierarchy of Authority: Category 1 standards Category 2 Interpretive Publications Category 3 Other auditing Publications63 What s new in the SASs SAS Number 70 Service Organizations SAS Number 113 Omnibus 2006 SAS Number 114 The Auditor s Communication With Those Charged With Governance SAS Number 115 Communicating Internal Control Related Matters Identified in an Audit SAS Number 116 Interim Financial Information7 SAS No.Ĥ 70 Service Organizations Issued April 2010 Effective periods after JSignificant provisions: As part of ASB s efforts to converge and International standards, this SAS was replaced by 2 new standards (SAS 70 & SSAE 16) New SAS 70 based on the IAASB s International Standard on auditing No. Learning where standards are are the players?Ģ American Institute of CPAs (AICPA), Statements on auditing standards (SAS), standards for Attestation Engagements (SSAE), and Quality Control standards (SQCS) www. Considering the impact of International auditing standards. Reviewing practical implementation issues for government and non-government operations. Developing confidence in performing audits or being the recipient of an audit. HesterCPA, CFF, FCPA, CGFM, CFE, CFS11 Course Objectives Participants will gain a greater understanding of: Applying GAAS (SAS, SSAE, GAGAS, and IIA) and recent changes in these auditing standards. 15, 2017įor periods not listed above, applicable auditing standards are available in the archive.įind analogous auditing standards of the ASB and the IAASB using the Find an Analogous Standard reference tool.1 Comprehensive Update on Generally Accepted auditing StandardsAuditing standards (GAAS)Presented b圜harles W. 31, 2016, for audits of financial statements for fiscal years ending before Dec. PCAOB auditing standards, as reorganized beginning Dec.PCAOB auditing standards for audits of financial statements for fiscal years ending Dec.PCAOB auditing standards for audits of financial statements for fiscal years ending on or after Dec.Downloadable PDF booklets of the auditing standards that are effective for audits of that and other periods are also available: The following is a list of PCAOB auditing standards for audits of financial statements for fiscal years ending on or after December 15, 2020. The Sarbanes-Oxley Act of 2002, as amended, directs the Board to establish, by rule, auditing and related professional practice standards for registered public accounting firms to follow in the preparation of audit reports for public companies and other issuers, and broker-dealers. Small Business and Broker-Dealer Forums.PCAOB International Institute on Audit Regulation.Conference on Auditing and Capital Markets.Information for Auditors of Broker-Dealers.The International Forum of Independent Audit Regulators and Other International Organizations.Audit Reports Issued by PCAOB-Registered Firms Located Where Authorities Deny Access to Conduct Inspections. ![]() Board Determinations Under the Holding Foreign Companies Accountable Act.PCAOB Cooperative Arrangements with Non-U.S.Updated PCAOB Staff Considerations on Recommending the Identification of Issuers and/or Broker-Dealers in Settled Enforcement Orders.Inspections-Related Board Reports and Statements.Implementation Resources for PCAOB Standards and Rules.Standards and Emerging Issues Advisory Group.
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